Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses
The livestreaming company may be forced to find a new buyer for its Chinese business at a far lower price after its sale to Baidu announced in 2020 failed to…
Out with the old… Tencent sells app store to Huya
Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya Key Takeaways: Huya is looking to use the APKpure acquisition to…
FAST NEWS: DouYu records fourth consecutive profitable quarter on cost-cutting
The latest: Livestreaming game platform DouYu Holdings Ltd. (DOYU.US) on Thursday announced a net profit of 76.4 million yuan ($10.7 million) for the third quarter, marking its fourth consecutive quarterly profit, and reversing…
Misfortune for DouYu as CEO faces gambling charges
The company that was once China’s biggest livestream gaming platform has been accused of hosting gambling activities and allowing pornography Key Takeaways: Founder Chen Shaojie has been arrested on charges…
Huya revenues sag 30%, looks ahead to diversification plan
The company has been rocked by a series of challenges over the last two years, and is hoping to find stability by lessening its dependence on livestream gaming revenue Key…
Shrinking DouYu emerges as leaner and meaner ‘fighting fish’
The livestream gaming company reported its third consecutive profit in the second quarter after slashing costs by 40% to offset a 24% revenue decline Key Takeaways: DouYu’s revenue fell 24%…
CHINA BULLETIN: High-Level China-U.S. Exchanges Pick Up
In this week’s issue U.S.-China exchanges pick up, supermarket sales slump, and AI attacks AI. On a scale of 1 to 100, we give the week a 40 for offshore-listed China stocks.
Recent Articles
RELATED ARTICLES
-
Huya claws its way back to profits, but growth remains elusive
HUYA.US -
East Buy turns Douyin setback into publicity coup
1797.HK
-
East Buy drama offers lesson on the power of key influencers
1797.HK
-
Huya revenues sag 30%, looks ahead to diversification plan
HUYA.US
-
East Buy ditches tuition to become pure e-commerce player
1797.HK
-
Back on a profitable track, New Oriental pivots towards travel
EDU.US 9901.HK
- Shrinking Lemeng faces uphill road to New York IPO
